Solaris Resources (TSE:SLS – Get Rating) had its price objective decreased by investment analysts at Scotiabank from C$19.50 to C$14.50 in a research note issued on Thursday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 170.02% from the stock’s previous close.
Separately, National Bankshares dropped their target price on shares of Solaris Resources from C$22.00 to C$16.00 in a research report on Wednesday, July 6th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$19.33.
Solaris Resources Price Performance
Shares of Solaris Resources stock traded up C$0.06 during mid-day trading on Thursday, reaching C$5.37. 121,946 shares of the stock were exchanged, compared to its average volume of 198,196. The company has a market cap of C$614.80 million and a price-to-earnings ratio of -7.51. The company has a current ratio of 2.87, a quick ratio of 2.77 and a debt-to-equity ratio of 0.75. The firm has a 50-day simple moving average of C$6.71 and a 200 day simple moving average of C$9.10. Solaris Resources has a fifty-two week low of C$5.00 and a fifty-two week high of C$17.17.
Insider Buying and Selling at Solaris Resources
In related news, Senior Officer Sunny Lowe acquired 20,600 shares of the stock in a transaction on Monday, August 15th. The stock was purchased at an average price of C$7.33 per share, for a total transaction of C$150,998.00. Following the transaction, the insider now owns 40,000 shares of the company’s stock, valued at approximately C$293,200.
About Solaris Resources
Solaris Resources Inc engages in acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company’s flagship project is the 100% owned Warintza Copper and Gold Project comprising eight metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.